Fenimore Asset Management Inc Lowers Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Fenimore Asset Management Inc decreased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 140,314 shares of the company’s stock after selling 1,151 shares during the period. Fenimore Asset Management Inc’s holdings in Floor & Decor were worth $13,989,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Ensign Peak Advisors Inc grew its holdings in Floor & Decor by 4.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,131 shares of the company’s stock valued at $3,492,000 after buying an additional 1,650 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Floor & Decor during the 2nd quarter valued at about $1,508,000. Fred Alger Management LLC grew its position in shares of Floor & Decor by 2.8% during the second quarter. Fred Alger Management LLC now owns 65,747 shares of the company’s stock valued at $6,536,000 after purchasing an additional 1,808 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Floor & Decor in the second quarter worth about $231,000. Finally, Scientech Research LLC boosted its stake in Floor & Decor by 353.0% during the second quarter. Scientech Research LLC now owns 17,773 shares of the company’s stock valued at $1,767,000 after buying an additional 13,850 shares during the last quarter.

Floor & Decor Trading Up 2.3 %

Shares of NYSE FND opened at $104.26 on Friday. The business has a fifty day moving average price of $104.05 and a 200 day moving average price of $105.24. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The stock has a market capitalization of $11.18 billion, a P/E ratio of 57.92, a price-to-earnings-growth ratio of 11.15 and a beta of 1.84.

Floor & Decor (NYSE:FND) last announced its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Floor & Decor’s revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.61 earnings per share. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Mizuho increased their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Piper Sandler dropped their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $104.67.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.